Fri. Jun 21st, 2019

Legislation on commercial marine law proposed

By Francis Talasasa

A Draft legislation proposal on commercial marine license on Non- Pelagic Fisheries Export has been presented.

The document was addressed to President of the Senate 9th Olbiil Era Kelulau Honorable Camsek E. Chin and Speaker of the House of Delegates 9th Olbiil Era Kelulau the Honorable Sabino Anastacia. [restrict]

The initial process of the legislation begun from a series of meetings held at local fishermen’s forum over the past year and has identified challenges within the domestic fisheries level.  The idea is to recommend sustainable measures put in place to regulate marine laws and to control the trading of fish caught in the waters of Palau.

This legislation amends PNC Title 27 to require all commercial fishermen, sellers and purchasers of fish to obtain license from the Ministry of Natural Resources, Environment and Tourism (MNRET).

The Friends of Palau National Marine Sanctuary expressed the importance to maintain the health of Palau’s reef and fish populations on a long term benefit. [/restrict]




ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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